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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FRANCE DATA
French August flash PMI readings were largely in line with expectations: Manufacturing 57.3 (vs 57.2 expected, 58.0 prior) and Services 56.4 (56.3 expected, 56.8 prior).
- While these represented multi-month lows (4 months for services and 6 for manufacturing), they suggested French economic activity was still firmly in expansionary territory.
- Several key themes remain prevalent: strong customer demand including from abroad; strengthening labour market (jobs growth reading strongest since Oct 2018) amid rising backlogs; and of course, higher price pressures amid bottlenecks (though inflation rates "eased marginally").
- From the IHS Markit report: "Demand for French goods and services increased strongly as firms remarked on improving tourism and a still-robust appetite to spend among clients. Consequently, employment grew at the sharpest pace in almost three years, although backlogs of work continued to rise. Meanwhile, inflationary pressures eased marginally, but were still notable, and business confidence eased to a seven-month low."
Source: IHS Markit
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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